Chevron

:

Atlas Energy

Dealogic Deal #  :

715176

Data as of :

11/10/2010

Target

Acquiror

Dates & Values

Atlas Energy

Chevron

Target:

100

% stake

Buying:

100

% stake

Rumored

-

Deal Value $m

4,272.4

NS

ATLS

78

m shares outstanding

Public (Listed)

Announced

9th Nov 2010

Value ex Debt $m

3,172.4

United States

United States

Utility & Energy

Oil & Gas

Expected

1Q 2011

Consideration

Deutsche Bank | Advisor

Goldman Sachs | Advisor

Completed

-

Jefferies | Advisor

Skadden Arps | Attorney

Wachtell Lipton | Attorney

Withdrawn

-

Timeline Events

Termination Fee, Target $m

tbd

Termination Fee, Acquiror $m

tbd

Financials

30th Jun 2010

Balance Sheet

Debt/Equity:

0.8

Premiums & Multiples

Initial Offer

$38.25

Current Offer

$38.25

Income Statement

Cash Flows

Operations $m

207

Profitability

Profit Margin

13%

Return on Equity

4%

League Table Impact

Sector Trend

2010 YTD Announced Global M&A by Deal Value, $bn

Monthly Announced Global M&A, $bn:

Utility & Energy

1

Goldman Sachs

511.6

2

Morgan Stanley

474.9

3

JPMorgan

441.1

4

Credit Suisse

387.1

5

BOA Merrill Lynch

339.4

6

Barclays Capital

318.1

7

Citi

300.1

8

Deutsche Bank

286.2

9

Rothschild

253.7

10

UBS

243.5

24

Jefferies

46.4

© 2010 Dealogic.  All rights reserved.